The iPhone X appears to be the current darling among flagship smartphones with its nearly bezel-free display, Face ID biometric gimmick, and other bells and whistles. Bears believe Apple's demand is falling back. This would be the second time that Apple will be discontinuing an iPhone after they discontinued the iPhone 5c series in 2014. The iPhone X had a during the holiday shopping season, but that's about it. Further, iPhone X supply was initially constrained at launch, though Apple did manage to ramp up supply much faster than analysts were anticipating.
Media stories about Apple (NASDAQ:AAPL) have trended somewhat positive on Monday, according to Accern Sentiment. Kuo noted that the consumers in China dislike the final design of the X due to the noticeable notch on the top half of its display.
The company believes that the tech giant will have a disappointing 2018 in terms of iPhone sales. He recently issued a new investor note claiming that Apple's 2018 lineup will feature two brand new versions of the iPhone. Despite launching three new iPhone models late past year, consumers especially from emerging markets found the iPhone 7 series and iPhone 6s series far more appealing, which only made things worse for the iPhone X. All three will allegedly have Face ID on board along with other new features. The device is really expensive and with this experience I think that they should get that the market needs a more afforadable device whose maintainence costs also stay cheap.More news: Roy Halladay had morphine in his body during deadly plane crash
The analyst noted that if Apple fails to generate the interest it expected for the iPhone X, it may opt to simply cancel production of the device when it announces its new line of phones in the fall of 2018. Analysts at the firm predict that Apple will sell less iPhones in the 2018 financial year. Taiwan-based DigiTimes that Apple had cut iPhone X orders at its suppliers in China.
The company is supposedly struggling to justify iPhone X production because of poor sales - and may scrap the phone later this year. So says KGI Securities analyst Ming-Chi Kuo. Yuanta Investment Consulting has also reduced its first-quarter shipment estimate from 30 million to 26 million units. Muhammad Ali's statement is appropriate here.